Cement, Energy and Environment

to profit from the potential reduction in competition brought about by the merger". "The new entrant, if of sufficient size, effectively disciplines the existing market participants, as size of the new entrant does matter in the markets characterized by few players," the regulator said. Among others, CCI also observed from UltraTech's submissions that it intends to introduce and "utilise its processes and core competence to increase the capacity utilization of Jaypee's assets thereby increasing overall economic efficiency in production and increase the overall quantity of cement in the market for grey cement". "It has also been stated that the location of the target (Jaypee) assets will reduce lead time to customers," it added. The deal, which was executed in September, has been pegged as one of the largest M&A deals in recent time and will further cement UltraTech's numero uno position in the market and give it an entry into Gujarat. Courtesy: The Economic Times, New Delhi, 24.12.2013 Pg. No.: 5 CHETTINAD CEMENT SET TO ACQUIRE ANJAN I PORTLAND Chennai-based cement major Chettinad Cement Corporation is all set to acquire Anjani Portland Cement. According to reliable sources in the know, the finer details of the buy are complete and the deal is expected to be formalized soon. It would give the Chennai- based company a significant presence in the Andhra Pradesh THE WORKHORSE OF INDUSTRY: THE INDUCTION MOTOR Dan Jones, President, lncremotion Associates History As with many new inventions, the first practical single-phase induction motors appear to have been invented in 1885 by Galileo Ferraris, an Italian. Two year later, Nicola Tesla, a Serbian– born naturalized citizen of the United States., created the 2-phase induction motor; Tesla was granted U.S. patents in 1887.George Westinghouse employed Tesla for one year to develop the induction motor for his company. The fi rst wound-field, 2-phase AC induction motor market. With a turnover of n32 crore last year, Anjani Cements has over 1.2 million tonnes production capacity in its two plants in Nalgonda district of Andhra Pradesh. It also has plans for setting up a greenfield unit in Karnataka. The company, which posted ~3 crore loss in the last quarter, has a strong dealer and marketing network in the State. The promoters of Anjani Ce– ment have been in the sector for nearly three decades. Chettinad Cement Corporation has integrated plants in Tami l Nadu at Puliyur, Karikkali and Ariyalur and also operationalised another plant in Kallur, Karnataka. The company, which has an an– nual cement capacity of over 11.5 million tonnes in Tamil Nadu alone, has plans to add about 15 mt by 2015. It also started the delisting process last year. Meanwhile, the board of Anjani Portland had approved disinvestment of stake in its arms Vennar Ceramics and Hi-tech Print Systems. The divestment was 49 per cent in the former and 1 00 per cent in the latter. With this, the company does not have any other investments and is entirely in the core-seg– ment of cements. This might make the acquisition process easier. The Hyderabad-based company's scrip gained 4.92 per cent to end at ~52.25 on Friday. Courtesy: The Hindu Business Line, Hyderabad, 10.03.2014 Pg. No. 4